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We downgrade our recommendation on recent share price strength".
Our recommendation on Standard is outperform, target price 2030p, but we prefer HSBC with a buy rating and target of 800p.
The bank said: Following 16% relative underperformance year to date, we raise our recommendation on Reed Elsevier shares to outperform (from underperform).
Accordingly, we are cutting our earnings estimates for 2015 and 2016 by 18% and 38% and downgrading our recommendation on Anglo American to hold (from buy).
Among the risers, Next has added 115p to £72.25 after a positive note from JP Morgan Cazenove: We upgrade our recommendation on Next to overweight from neutral, with a December 2015 target price of 7,700p.
Therefore, given our concerns regarding the outlook for the UK economy, despite the group's strong cash generation (important to support the dividend) and the recent 10% decline in the share price, our recommendation on the stock remains hold.
Similar(52)
These songs are a reaffirmation of identity, country, beliefs and spirit, and as Archie himself says, "they're about how no one listened to our recommendations on stolen kids or people dying in jails.
But our recommendations on testing go even further.
As an important first step, we have produced a 12-point plan of action, basing our recommendations on the key principles of transparency, accountability and fairness.
We have had delegations meet with top leaders such as Christine Lagarde and IMF and World Bank representatives, to put forward our recommendations on debt programmes that can help struggling states.
However, recent share price weakness is providing some buying opportunities and we have upgraded our recommendations on BHP Billiton and Rio Tinto to buy.
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CEO of Professional Science Editing for Scientists @ prosciediting.com